BT and Facebook to open acceleration centers
Mar 8th, 16:46 by Charlotte Whyatt
BT and Facebook are set to open two new UK based centres for developing next-generation telecommunication technology as part of the social media giant’s effort to extend internet access to more and more people across the globe.
Known in the telecommunication industry as an ecosystem acceleration centre, they will both host a huge array of different start-ups that’ve been backed by a £135 million London investment fund.
The fund came directly from a large group of British investors including those at start-up incubator Entrepreneur First and technology fund Atlantic Bridge.
One centre is to be situated in East London’s famed Tech City (counted as the area that’s located between Old Street Islington and Shoreditch) and the other at BT’s large research headquarters in Adastral Park, Ipswich.
Facebook is keen to expand internet access across the developing world in order to maintain a rapid growth and is also the leader of the TIP consortium of telecommunication groups which aims to discover new and innovative ways to boost broadband speeds and coverage.
Facebook have stated that they will not be investing any of their own money into the fund or be starting to offer any kind of internet services to consumers. Instead, they’ll be taking the lead in a movement designed to improve the state of mobile networks as their user-base begins to indulge in more data-heavy activities like streaming video and enjoy virtual reality headsets.
These two centres in London are the first of their kind to open in Europe following one in Seoul which was jointly created by Facebook and South Korea Telecom.
Source: The Telegraph
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